Wall Street analysts expect GMS Inc (NYSE:GMS) to post sales of $843.03 million for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for GMS’s earnings, with the lowest sales estimate coming in at $825.30 million and the highest estimate coming in at $853.00 million. GMS reported sales of $648.00 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 30.1%. The firm is scheduled to issue its next earnings report on Thursday, December 6th.

According to Zacks, analysts expect that GMS will report full-year sales of $3.17 billion for the current year, with estimates ranging from $3.15 billion to $3.21 billion. For the next year, analysts forecast that the business will post sales of $3.39 billion per share, with estimates ranging from $3.35 billion to $3.41 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover GMS.

GMS (NYSE:GMS) last released its earnings results on Thursday, August 30th. The company reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.09. GMS had a net margin of 2.13% and a return on equity of 15.18%. The firm had revenue of $778.10 million for the quarter, compared to analyst estimates of $768.61 million. During the same period in the prior year, the firm earned $0.47 earnings per share. The business’s quarterly revenue was up 21.2% compared to the same quarter last year.

A number of brokerages recently issued reports on GMS. TheStreet raised GMS from a “c” rating to a “b-” rating in a report on Friday, May 25th. ValuEngine downgraded GMS from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd. Raymond James raised GMS from an “outperform” rating to a “strong-buy” rating and set a $26.00 price target for the company in a report on Friday, June 29th. Barclays began coverage on GMS in a report on Friday, June 29th. They issued an “overweight” rating and a $30.00 price target for the company. Finally, Royal Bank of Canada set a $36.00 price target on GMS and gave the company a “buy” rating in a report on Friday, June 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $36.55.

In other news, Director John J. Gavin acquired 4,150 shares of the firm’s stock in a transaction dated Monday, September 10th. The stock was acquired at an average cost of $24.13 per share, with a total value of $100,139.50. Following the completion of the acquisition, the director now owns 16,966 shares of the company’s stock, valued at $409,389.58. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider G Michael Callahan, Jr. sold 12,500 shares of the stock in a transaction that occurred on Friday, June 22nd. The shares were sold at an average price of $31.13, for a total value of $389,125.00. Following the completion of the sale, the insider now directly owns 428,314 shares of the company’s stock, valued at $13,333,414.82. The disclosure for this sale can be found here. Insiders purchased 12,211 shares of company stock valued at $302,199 over the last ninety days. 4.90% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC lifted its holdings in shares of GMS by 67.8% during the first quarter. SG Americas Securities LLC now owns 5,745 shares of the company’s stock worth $176,000 after purchasing an additional 2,322 shares during the period. Raymond James & Associates acquired a new stake in shares of GMS during the second quarter worth $216,000. Xact Kapitalforvaltning AB acquired a new stake in shares of GMS during the first quarter worth $233,000. Victory Capital Management Inc. lifted its holdings in shares of GMS by 54.2% during the first quarter. Victory Capital Management Inc. now owns 8,688 shares of the company’s stock worth $266,000 after purchasing an additional 3,055 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of GMS by 79.1% during the first quarter. BNP Paribas Arbitrage SA now owns 9,764 shares of the company’s stock worth $298,000 after purchasing an additional 4,313 shares during the period. 75.73% of the stock is owned by institutional investors and hedge funds.

Shares of GMS stock traded down $0.07 during trading hours on Tuesday, reaching $23.58. 583,866 shares of the stock were exchanged, compared to its average volume of 408,494. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.93 and a current ratio of 3.08. GMS has a 12-month low of $22.92 and a 12-month high of $39.98. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 1.10 and a beta of 1.20.

GMS Company Profile

GMS Inc distributes wallboards, suspended ceilings systems, and related construction products in the United States and Canada. The company offers wallboard products; and ceilings products, including suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and various other commercial and institutional buildings.

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Earnings History and Estimates for GMS (NYSE:GMS)

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